Fully Occupied 5-Plex Income
115 East 16th Street Reserve, LA 70084
115 East 16th Street, Reserve, LA, 70084
$480,000
For Sale
$480,000
Stabilized, fully occupied 5-plex with recent unit renovations and updated building systems throughout.
Property Size5,500 SF
Price / SF$87.27
Days on Market100
Property Features for 115 East 16th Street
General Information
- Standard status
- Active
- Size
- 5,500 SF
- Property subtype
- MULTI FAMILY FOR SALE / Townhouse
Building Details
- Year Built
- 1981
Listing agency
1 Percent Lists United
(504) 495-6120
Listed by
Shawn Lemoine · License #995718724
(504) 495-6120
Source
Compass
Added: Apr 14 Updated: Jul 22 at 8:21AM Checked: Jul 22 at 8:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of 1 Percent Lists United
Investment Insights
Based on property information with market context.
This property is a fully occupied 5-plex offering 2-bedroom, 1.5-bath units. Renovations were completed across all units in 2022 and 2023. Building improvements within the last five years include HVAC units, hot water heaters, windows, refrigerators, and Hardy board siding, and the property also features a durable metal roof.
The building is located in an X-flood zone. Tenants are responsible for all utilities and provide their own washer/dryer.
For investors and buyers seeking an income-producing multifamily asset, the current occupancy and recent capital updates are designed to support continued operations.
The building is located in an X-flood zone. Tenants are responsible for all utilities and provide their own washer/dryer.
For investors and buyers seeking an income-producing multifamily asset, the current occupancy and recent capital updates are designed to support continued operations.
Key Highlights
- Fully occupied 5‑plex in Reserve, Louisiana
- 2‑story building built in 1981 with slab foundation
- 10 bedrooms total; each unit has 2 bedrooms and 1.5 bathrooms (5 full, 5 partial)
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Stabilized, fully occupied 5-plex with recent unit renovations and updated building systems throughout.
Where is this apartment building located?
The property is located at 115 East 16th Street Reserve, LA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: Fully occupied 5‑plex in Reserve, Louisiana; 2‑story building built in 1981 with slab foundation; 10 bedrooms total; each unit has 2 bedrooms and 1.5 bathrooms (5 full, 5 partial)
